[GNC] Why duplicate reports in 3.2?

[Rich Shepard]

On Thu, 12 Jul 2018, Maf. King wrote:

> AFAIK, it is just historical. GC shipped with a report called "P&L" but
> some people said "That's an income Statement", so it was renamed. Then
> there were howls of "Where's the P&L report gone" so the same report was
> put back in but with 2 names..... yes, they should be identical output.
>
> (Of course, it may be that the Income Statement was the original name, and
> P&L was the rename. Truly can't remember, it was years ago)

Maf.,

   Wikipedia provides a nice definition:

"An income statement or profit and loss account (also referred to as a
profit and loss statement (P&L), statement of profit or loss, revenue
statement, statement of financial performance, earnings statement, operating
statement, or statement of operations) is one of the financial statements of
a company and shows the company’s revenues and expenses during a particular
period. It indicates how the revenues (money received from the sale of
products and services before expenses are taken out, also known as the “top
line”) are transformed into the net income (the result after all revenues
and expenses have been accounted for, also known as “net profit” or the
“bottom line”). The purpose of the income statement is to show managers and
investors whether the company made or lost money during the period being
reported."

   Perhaps the Report menu could be re-worded so that Profit & Loss entry
reads, "See Income Statement." Just my $0.10 (adjusting for inflation.)

Thanks for your explanation,

Rich